How Do I Find the Right Property?

Today buyers have the ability to constantly look at homes on the internet before ever finding an agent to work with, or really knowing what they want.  In fact, according to surveys of buyers, the vast majority start their home searches online.  There's so much to choose from, so what should buyers do if they are really serious shoppers and know they want to buy? Put in writing what you are looking for.  Write down everything that you think is significant for making a house (or condo) your home.  Maybe your first decision will be:  am I looking for a single family home, or a condominium?  How many bedrooms and baths? Sometimes people say, "I'll know it when I see it", but that approach in my experience has never led a buyer into a home. Buyers should be as clear as possible about their priorities, but also expect a little flexibility about them.

2.  Most people have a location in mind--schools, shopping, ambience, are all things to consider. More than one area should be considered in order to give more options.

3. If you go to see homes at open houses or private showings with your Realtor, have an idea of what to ask questions about in  terms of condition, upgrades, age, etc.  Some things will not be visually obvious or known to the listing agent or your Realtor, they will more likely be a question for the physical inspector if you are in escrow on the property.

4. It's wise to not expect that a property have exactly all the features you would desire--just keep in mind that you can "make it your own" in the future.

5.  Working with an experienced Realtor will help you gain the right knowledge in your home search--online searches will be a good preliminary tool, but an experienced professional will guide you to the local market and buying preparation.

While the experienced past buyer may think some of these things are obvious, the market changes and so do certain aspects of purchasing.  An experienced professional has current knowledge of transaction requirements, as well as the current housing market!

Julia Huntsman, REALTOR, Broker | www.juliahuntsman.com | 562-896-2609 | California Lic. #01188996

The May Real Estate Market for Long Beach and Nearby Cities

The average price of a single family home in Long Beach continued upward as of today's (June 1) available data--12.6% higher at an average price of $809,637. See how it compares to the previous years in May.  But other things are part of this picture also:  Total closed sales are down 46% from last June--107 for the month; current listings down 25% from last year; sales prices are still on average within less than 1% of the original asking price; inventory, one of the keys to this situation, is consistently low at 2 months, meaning if no new inventory came on the market all property would be gone within two months. Average days on market also decreased from last year.

Lakewood has a similar story:  average home price is up 9% to $657,347; total closed sales  down 39% at 43 sales for the month; current listings are down 42% at 51 listings total; closed prices are with 1.6% of original asking price; inventory is at .9% months, less than one month!  average of 14 days on market. 

Bellflower:  average sales price of SFR up by 4% at $575,000

Cerritos:  average SFR price up to $760,000, an increase of 6% from lst year.

Huntington Beach: average SFR price down 1.7% to $1,072,000 (typical of the million + category).

Cypress:  average SFR price up 18% at $855,000.

So the story of the under one million market is that prices have trended upward, and the pandemic effects are present in showing properties, open houses, amount of inventory, but not in market prices so far.

If you are thinking of selling, it's coming into the ideal time of year to be on the market.

Please contact me or go to www.juliahuntsman.com for a quick online estimate of your home's value.

Julia Huntsman, REALTOR, Broker | www.juliahuntsman.com | 562-896-2609 | California Lic. #01188996

Looking for Home Inspiration? Try These Instagram Authors

7 Instagram Accounts for the Ultimate Home Design Inspiration

@inspire_me_home_decor

With 5.3 million followers, it won’t be long before you understand why so many people get hooked on Inspire Me! Home Décor’s Instagram. You’ll find everything from grand and opulent to whimsy and practical, but you’ll certainly never be bored.

@marieflaniganinteriors
Can’t get enough rustic charm? Then be prepared for serious design envy when you follow Marie Flanigan. The Houston designer’s posts are filled with rich woodwork and earthy tones that yield warm spaces.

@myhouseishome
My House Is Home delivers an eclectic mix of contemporary-meets-cozy living spaces all over the world. Characterized by dramatic flair and plush décor, you’re more than likely to come across your dream home here.

@pierre.yovanovitch

Defined by soft lines and contours, French designer Pierre Yovanovitch creates spaces that look as if they’re straight out of an M.C. Escher painting. Materials like wood, stone, marble and metal all come together and result in homes that are minimalist and inviting.

@the_real_houses_of_ig
For a daily dose of downright beautiful living spaces, The Real Houses is a treasure trove showcasing homes, designers and products from around the world. You’ll find endless inspiration along with all the latest trends and styles.

@martynbullard
Celebrity designer and television personality Martyn Lawrence Bullard is known for his eye-popping colors and patterns. His knack for bold design has resulted in A-list clientele, from Elton John to Ellen Pompeo, and you’ll often catch a glimpse into their homes on his Instagram.

@alyssakapitointeriors
NYC-based designer Alyssa Kapito is a master of creating elegant spaces that are both timeless and tranquil. Her aesthetic has a distinctly Upper East Side feel with soft, neutral tones and an exquisite sense of light and space.

Thanks to Paige Brown of RisMedia for this post.

Julia Huntsman, REALTOR, Broker | www.juliahuntsman.com | 562-896-2609 | California Lic. #01188996